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How I bought the $100,000 1960-D Jefferson Nickel for $9,750 plus the juice

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  • pontiacinfpontiacinf Posts: 8,915 ✭✭


    << <i>After reading these posts and recovering from the auction I feel I should put in my five cents.

    I love collecting Jeffersons (and admiring fantastic collections like Frank's, Leo's, JHF's, and Ray's). Because of my work and home situation, I cannot travel to buy coins. I bought most of my collection sight unseen. When I bought sight unseen, the coins were only in PCGS slabs (no TPG grading service is perfect, but PCGS is by and far superior to the others in my opinion). I paid a lot for the 60-D because it was unique in terms of its certification. When I got the coin, I spent many hours staring at the steps in question; and convinced myself they were full. I never sought the opinion of PCGS.

    I sold the collection because of a personal situation. I was not hoping for huge profits on the 60-D (but I did hope to recover most of my investment). Bowers chose to highlight the 60-D in their advertising. I had no input regarding any advertising. I listed about 10 coins that I thought were the highlights of my collection. My interaction with Bowers was positive and I would use them again.

    JHF, the 42 D/D is a fantastic coin. I hope it upgrades for you. I sent it in for upgrade (in the holder), and it came back the same grade. I would like to hear of PCGS's opinion of the 60-D if you send it in for review.

    There is a question of the 61-D and its steps. Again I felt they were full. If PCGS reviews that coin and removes the full step designation, I would be willing to return my profits on that coin to PCGS if they buy it back. I do not want to profit from a coin that is not properly graded.

    My hope is that this controversy will stimulate interest in full steppers and bring more collecters to Jeffersons. >>



    I knew there was a reason I always liked doing business with you-well said my friend image
    image

    Go BIG or GO HOME. ©Bill
  • wondercoinwondercoin Posts: 16,972 ✭✭✭✭✭
    "JHF, the 42 D/D is a fantastic coin. I hope it upgrades for you"

    JHF - Congratulations on your coin upgrading to the POP 1/0 PCGS-MS65FS this week!! You may or may not know that the undergrade MS64FS 1942D/D specimen (pop 1/1) traded at more than $32,000.00 last night in the Platinum sale. If I am not mistaken, that becomes the highest price ever paid for a Jefferson Nickel at a public auction. This coin series is really coming into its own!

    Wondercoin

    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • leothelyonleothelyon Posts: 8,466 ✭✭✭✭✭


    << <i>"JHF, the 42 D/D is a fantastic coin. I hope it upgrades for you"

    JHF - Congratulations on your coin upgrading to the POP 1/0 PCGS-MS65FS this week!! You may or may not know that the undergrade MS64FS 1942D/D specimen (pop 1/1) traded at more than $32,000.00 last night in the Platinum sale. If I am not mistaken, that becomes the highest price ever paid for a Jefferson Nickel at a public auction. This coin series is really coming into its own!

    Wondercoin >>



    OUCH! Presumptuous, that is! Was everyone, bidding, AWARE of the drop in pop on that coin!

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • wondercoinwondercoin Posts: 16,972 ✭✭✭✭✭
    Leo: I read on several threads here going back many weeks now that the Bowers 42D/D Jeff should upgrade to MS65FS (I even mentioned I thought the coin was, by far, the best in the sale and super quality). Heck, the consignor and former owner of the coin wished JHF good luck with the upgrade attempt as well right on this thread. I also read that an ANACS-MS66FS looms out there as well. By the way, any news on when that coin goes to auction?

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • leothelyonleothelyon Posts: 8,466 ✭✭✭✭✭
    Mitch,

    I'd watch the pops! When and if I'll be able to say, I may have something soon.

    Regards, Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • wondercoinwondercoin Posts: 16,972 ✭✭✭✭✭
    I understand that the 1960(d) nickel is now heading to a PCGS-MS64 holder and JHF has been compensated 100% to his satisfaction. PCGS, once again, has displayed to me the intergrity with which its conducts it business. Yes, this was a very difficult coin for PCGS to essentially conclude was mis-designated (and the coin was previously also in an ANACS holder as a "FS"). But, they stepped up to the plate and did. I understand that DH personally made it a point to show EVERY PCGS grader in the company this coin and to get feedback from each and every one of them on whether they thought the coin was FS and what the PCGS standard for FS is supposed to be. You couldn't ask for anything more from a third party grading service. A job well done DH!! image

    Wondercoin
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭
    Mitch (and Justhavingfun), I'm glad to hear that. I would have been far happier, however, had the change/correction been made before the previous owner sold the coin and took a large loss on it. Granted, to my knowledge, PCGS probably didn't have such an opportunity, but, that would have been preferable.
  • wondercoinwondercoin Posts: 16,972 ✭✭✭✭✭
    Mark - even better - it could have been turned back to PCGS before the coin was ever auctioned off in the first place several years ago - right? PCGS would have saved "five figures" that way.

    Wondercoin image
    Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
  • PCGS = Integrity
    image
  • coinguy1coinguy1 Posts: 13,484 ✭✭✭


    << <i>PCGS would have saved "five figures" that way. >>

    As would have the previous owner.image
  • leothelyonleothelyon Posts: 8,466 ✭✭✭✭✭


    << <i>I understand that the 1960(d) nickel is now heading to a PCGS-MS64 holder and JHF has been compensated 100% to his satisfaction. PCGS, once again, has displayed to me the intergrity with which its conducts it business. Yes, this was a very difficult coin for PCGS to essentially conclude was mis-designated (and the coin was previously also in an ANACS holder as a "FS"). But, they stepped up to the plate and did. I understand that DH personally made it a point to show EVERY PCGS grader in the company this coin and to get feedback from each and every one of them on whether they thought the coin was FS and what the PCGS standard for FS is supposed to be. You couldn't ask for anything more from a third party grading service. A job well done DH!! image

    Wondercoin >>



    Man! Not that PCGS hasn't stepped up to the plate before but with this breaking news, where does the discussion of this thread go from here? image

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    Man! Not that PCGS hasn't stepped up to the plate before but with this breaking news, where does the discussion of this thread go from here?

    Leo

    Thats what Id like to know. image

    I must admit, this is one jefferson variety that was an ultimate rush
    chasing. I have bought quite a few examples raw and cert via board members, sold a few to board members, and when upgrades became available I bought back some from board members- it has to be one of the most fun group of jefferson coins I pass around- and you guys know who you are image



    image

    Go BIG or GO HOME. ©Bill
  • leothelyonleothelyon Posts: 8,466 ✭✭✭✭✭


    << <i>Man! Not that PCGS hasn't stepped up to the plate before but with this breaking news, where does the discussion of this thread go from here?

    Leo

    Thats what Id like to know. image

    I must admit, this is one jefferson variety that was an ultimate rush
    chasing. I have bought quite a few examples raw and cert via board members, sold a few to board members, and when upgrades became available I bought back some from board members- it has to be one of the most fun group of jefferson coins I pass around- and you guys know who you are image >>



    Let's just say, the imaginations are running wild with a few of those wannabe Registry collectors who are fully aware that they have very questionable coins in their sets! If they're reading this thread and I believe they are, will they honor and uphold the standards or will they continue to neglect and snub the series and hobby with their insolence for their fellow collectors?

    But on the other hand, how could they have known, the extreme difficulty of this series! They could claim their ignorance and admit they made a huge mistake when they made the jump into this series! Should they take their loses and run! But instead, did they decide to cheat! Can I say that? Am I speaking of anyone in particular! No! It's should be enough that they know who they are! Would they dare to let anyone see the kind of coins they have? Am I being too harsh? I don't think so! I do know that I've seen many coins from a few top collections and I know who bought them. I know the quality of collections that are building out there.
    Will they be able to stand the heat when they continue collecting what they collect because they have too much invested, to lose! Because they want out! Because the set needs to be complete before they sell! image

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • sinin1sinin1 Posts: 7,500
    I am curious where that nickel will end up -

    will JHF get the coin or will PCGS keep it for their grading set?


    my eyes must be getting bad because I can not accurately determine FS with a loupe, I need a dissecting scope
    image
  • tradedollarnuttradedollarnut Posts: 20,162 ✭✭✭✭✭
    my eyes must be getting bad because I can not accurately determine FS with a loupe, I need a dissecting scope

    You can borrow my electron microscope if you wish... imageimage
  • leothelyonleothelyon Posts: 8,466 ✭✭✭✭✭


    << <i>my eyes must be getting bad because I can not accurately determine FS with a loupe, I need a dissecting scope

    You can borrow my electron microscope if you wish... imageimage >>



    It's really not neccesary to use super mags to see the steps. Granted the steps are full with the rest of the strike of the coin, a 5X will do! But for presentational purposes for a website or here, then it's important to enlarge certain areas of the coin such as the steps to help illustrate or make a point, for example, errors, varieties or the strike of the coin.

    I hope this helps!

    Leo

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

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